By Jem Aswad Senior Music Editor Warner Music Group Corp. announced today that it has launched the initial public offering of 70,000,000 shares of its Class A common stock, pursuant to a registration statement on Form S-1 filed with the U.S.
Securities and Exchange Commission. The company, which is owned entirely by Len Blavatnik’s Access Industries, first announced its intention in February, but shortly afterward, on March 2, delayed it when the coronavirus pandemic took effect in the U.S.
and Europe. The initial public offering price is expected to be between $23.00 and $26.00 per share. The offering consists entirely of secondary shares to be sold by Access and certain related selling stockholders.
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